Author: World_Newz Mon

World NM: Czech auto industry revving up for e-mobility transition 31.08.2021001525

The auto sector is a lynchpin for the Czech economy. Not only does the EU’s Fit 55 plan demand a huge shift for a key industry, but it cuts to the very heart of the Czech economic model adopted when communism fell. For that to happen, the government needs to get on board, but despite… Continue reading World NM: Czech auto industry revving up for e-mobility transition
31.08.2021001525

World NM: Regulators taking wheel in driverless sector001524

Series of mishaps place fast-growing industry under greater scrutiny Level 2 vehicles can control steering, accelerating and decelerating, but are far from self-driving functionality and a human must sit in the driver’s seat and be ready to take control of the car at any time. Tesla, the first to offer ADAS features, calls its systems… Continue reading World NM: Regulators taking wheel in driverless sector001524

World NM: The Ford Mustang is going hybrid in 2025, dealers told001523

Way back in 2017, then-Ford CEO Mark Fields said that there would be hybrid versions of the Ford F-150 and Mustang on sale by 2020. Unlike General Motors, which has ended the development of hybrid vehicles to focus on all-electric models, Ford is pursuing both technologies and has an extensive lineup of hybrids and plug-in… Continue reading World NM: The Ford Mustang is going hybrid in 2025, dealers told001523

World NM: Genesis confidently ramps up its development in the Chinese market001522

With its commitment to delivering superior quality and luxury products for Chinese customers, Genesis is introducing its global award-winning products to the Chinese market based on the Two Trim Strategy. To deliver the unique Genesis Experience at all touch points, the carmaker has implemented an all-new business model tailored for the Chinese market－an omnichannel approach… Continue reading World NM: Genesis confidently ramps up its development in the Chinese market001522

World NM: Pakistan ports’ cargo handling posts double-digit growth in FY21001520

Cargo handling activities at Karachi Port Trust (KPT) and Port Qasim Authority (PQA) recorded an impressive growth of 25 per cent and 13.72pc in FY21 owing to 18pc and 26pc rise in the country’s exports and imports, respectively. The share of total dry cargo went up by 36.53pc to 24.670m tonnes in FY21 from 18.069m… Continue reading World NM: Pakistan ports’ cargo handling posts double-digit growth in FY21001520

World NM: Indus Motor declares Rs12.8b profit after tax for 2020-21001519

The Board of Directors of Indus Motor Company Ltd. (IMC) met on August 26, 2021 to review the company’s financial and operating performance for the year ended June 30, 2021. The increase in turnover and profitability for the year was mainly due to higher CKD and CBU volumes, primarily due to improved economic conditions and… Continue reading World NM: Indus Motor declares Rs12.8b profit after tax for 2020-21001519

World NM: Rivian Is Ready to Make Its IPO: the Target Would Be $80 Billion001517

Rivian should start delivering its cars in September, but there were rumors that it would sell shares before it handled any vehicle to its customers. According to an official press release, that will not be the case by only a few weeks. In it, Rivian said that it had to inform that it “confidentially submitted… Continue reading World NM: Rivian Is Ready to Make Its IPO: the Target Would Be $80 Billion001517

World NM: LG Chem shares fall due to Chevy Volt recall001517

The share price of South Korean electric vehicle battery maker LG Chem plunged this week after the recall of General Motors’ Chevrolet Bolt cars. In July, GM recalled about 69,000 Bolt cars from model years 2017 through 2019. In February, South Korean automaker Hyundai Motor also recalled about 82,000 electric vehicles, at an estimated cost… Continue reading World NM: LG Chem shares fall due to Chevy Volt recall001517